The Minister of Commerce and Industry Abdullah Ahmad Zaynal Ali Reza has approved the transformation of Al-Houshan Company Across the Gulf with a capital of SR 2 million from a limited liability company to a closed joint stock company.The company deals among other things in wholesale and retail trade in equipment and materials as well as offices' furniture. In a press statement issued here today, Dr. Hassan bin Fadhel Aqeel said that the nominal value of each share of the company is SR10; the founders subscribed in all the shares, and the duration of the company will be 99 years.